The import of logs and poles of coniferous wood to India shows a consistent upward trend from 2024 to 2028. The forecast indicates increasing economic activities requiring raw timber and a possible shortage of domestic supply. In 2023, the imports were less than in 2024, signifying a continual rise in demand. Year-on-year growth from 2024 to 2025 is approximately 6%, and the same growth pattern is observed through 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is anticipated to be consistent with these annual increases.
Future trends to watch for:
- Impact of environmental policies on timber imports.
- Potential fluctuations in global timber prices due to geopolitical factors.
- Technological advancements in material alternatives that may impact wood demand.
- Shifts in industry demand, such as construction and furniture sectors, affecting timber needs.
